Space Asset Acquisition Corp. (NASDAQ:SAAQ) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Space Asset Acquisition Corp. (NASDAQ:SAAQ – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 4,989 shares, an increase of 127.4% from the July 30th total of 2,194 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,550 shares, the short-interest ratio is currently 0.5 days.

Space Asset Acquisition Trading Up 0.4%

Shares of NASDAQ:SAAQ traded up $0.04 during midday trading on Friday, reaching $10.14. The company had a trading volume of 4,670 shares, compared to its average volume of 54,454. The company’s fifty day simple moving average is $10.17. Space Asset Acquisition has a one year low of $9.88 and a one year high of $11.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Space Asset Acquisition in a research report on Monday, June 15th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Research Report on SAAQ

Institutional Trading of Space Asset Acquisition

A hedge fund recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP purchased a new position in Space Asset Acquisition Corp. (NASDAQ:SAAQ – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $108,000.

About Space Asset Acquisition

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Space Asset Acquisition Corp is a blank check company.

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